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    18668 Rd Unit Delta, CO 81416

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    18668 Rd Unit Delta, CO 81416

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    • Industrial properties
    • 30,000 SF
    • 3.97 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 18668 Rd Unit

    Year built
    2019
    Lot size
    3.97 lot acres
    Property size
    30,000 SF
    Property type
    Industrial properties

    Description

    This exceptional industrial property, located at 18668 B50/TBD HWY 50 Road Unit LOT 2 in Delta, Colorado, presents a unique investment opportunity. The 3.97-acre lot boasts approximately 30,000 square feet of versatile space, strategically positioned with direct access to Highway 50, just north of the Montrose/Delta County border. The property includes a high-grade industrial warehouse and manufacturing space totaling approximately 28,400 square feet. This area features desirable amenities such as hot water, in-floor radiant heating, a comprehensive fire protection system, and three-phase power. Multiple 16' x 16' overhead doors provide convenient access, and the interior boasts a 30-foot maximum ceiling height. The property is further enhanced by additional covered storage areas. Building B comprises 14,000 square feet of enclosed high-grade industrial warehouse space. Building C offers 6,000 square feet of covered, fully electrical space, while Building F provides 10,000 square feet of covered area with full electrical service. Building F has the potential for conversion into a fully functional warehouse through the addition of walls. This offering is for a portion of the property, which will be subdivided into smaller parcels. The property's RI/C (Rural Industrial/Commercial) zoning in Delta County allows for a wide range of uses, including warehouse storage, industrial manufacturing, and distribution. This prime location and flexible zoning make this an ideal investment for various business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Delta
    County
    Delta
    State
    Colorado
    Longitude
    -108.069
    Latitude
    38.75

    Comparable in this City

    • Value Estimation
      $1,745,000
      15,000 SF

      1440 Hwy 50

      INDUSTRIAL (GENERAL) • 15,000 SF
      1440 Hwy 50, Delta, CO 81416-3119
      View Details
    • Value Estimation
      $950,000
      9,490 SF

      1472 Hwy 50

      INDUSTRIAL (GENERAL) • 9,490 SF
      1472 Hwy 50, Delta, CO 81416-3119
      View Details
    • Value Estimation
      $625,000
      23,457 SF

      1820 1600th Rd

      INDUSTRIAL (GENERAL) • 23,457 SF
      1820 1600th Rd, Delta, CO 81416-8405
      View Details
    • Value Estimation by Request
      3,942 SF

      548 6th St

      INDUSTRIAL (GENERAL) • 3,942 SF
      548 6th St, Delta, CO 81416
      View Details
    • Value Estimation by Request
      7,500 SF

      1770 Gunnison Ave

      INDUSTRIAL (GENERAL) • 7,500 SF
      1770 Gunnison Ave, Delta, CO 81416-2836
      View Details
    • Value Estimation
      $2,470,000
      84,240 SF

      1734 Hwy 50

      INDUSTRIAL (GENERAL) • 84,240 SF
      1734 Hwy 50, Delta, CO 81416-8706
      View Details

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      Delta Industrial Investment Opportunity

      High-Yield Storage Units, Excellent ROI
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    Similar Nearby for Lease

    • $1,900 /Mo
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      Warehouse Space with High Ceilings

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      Retail and Shop Space Available

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    • Contact for pricing

      Delta Industrial Warehouse and Office

      Industrial warehouse and office space available for lease in Delta.
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    • Contact for pricing

      Highway 50 Shopping Center Space

      Retail space in high-traffic shopping center near Highway 50.
      230 N Palmer St, Delta, CO 81416
      View Details
    • $640 /Mo

      Office Suite Ready For Occupancy

      ADA accessible office suite with shared amenities for lease.
      300 Stafford Ln, Delta, CO 81416
      View Details
    • $6,256 /Mo
      3,980 SF

      Former Restaurant with Drive-Thru

      Restaurant space with drive-thru on high-visibility corner.
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      View Details
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    Delta, CO 81416
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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